Goldman Sachs provides $10M credit line to Dallas auto lender
Goldman Sachs has provided a $10 million line of credit to On the Road Lending,...
How aftermarket products give subprime lenders an edge
Fueled by off-lease volume and consumer demand, used-vehicle sales are nearing record levels. For lenders...
Nonprime lender Oportun goes public
Oportun Financial raised $94 million in its initial public offering and sold 6.25 million shares...
Platinum Auto Finance plans 8-state expansion
Platinum Auto Finance is leveraging a newly secured $100 million warehouse credit facility to nearly...
Subprime loan losses decline in prime securitizations
Fresh data from DBRS shows that subprime loans securitized with mostly prime issuance outperform subprime...
Safco Builds Verification Tool to Enable Next-Day Funding
Indirect subprime lender Southern Auto Finance Co. is gearing up to roll out a next-day...
More Prime Consumers Opt for Used Cars as Subprime Loses Share
As the percentage of prime and super-prime used-car buyers reached an all-time high in the...
Auto ABS Volume Closes In on $60B
Year-to-date auto securitization volume hit $57.8 billion at the end of April, with prime loan...
